BMC�s P300m bailout gets Parly nod

The request that was tabled by the Minister of Finance and Development Planning, Kenneth Matambo was approved with the majority of legislators supporting it. When presenting the request, the minister noted that the funds are required to finance the commission’s operational losses for the current financial year, which has put pressure on the commission’s cash flow.

“Funding for the requested amount will come from the reduction of annual provisions for the Horticulture and Water Development and Agricultural Support Scheme programmes,” he said.